Borrowing & debt

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Martin Lewis charity highlights mental toll of cost of living crisis
Survey finds nearly a fifth of respondents have had suicidal ideation about financial problems

Miles Brignall

06, Dec, 2022 @12:01 AM

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Nationwide sets aside £108m for bad loans as borrowers face surging costs
Building society says it expects relatively few of its customers to default on repayments in cost of living crisis

Kalyeena Makortoff Banking correspondent

18, Nov, 2022 @12:35 PM

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Lib Dem leader Ed Davey proposes £300-a-month mortgage grants
People struggling with higher mortgage costs after disastrous Tory mini-budget should get help, he says, just as banks helped in 2008

Michael Savage Policy editor

06, Nov, 2022 @11:00 AM

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Britons turn to credit cards and loans to cover basics as cost of living crisis bites
Higher interest rates will plunge borrowers into debt as they seek to plug gap between income and outgoings, charities warn

Jess Clark

06, Nov, 2022 @8:00 AM

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How will the UK interest rate hike affect you?
From loans to mortgages, house prices to credit cards – all you need to know about the biggest rate rise since 1989

Rupert Jones

03, Nov, 2022 @1:49 PM

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UK households saving more and borrowing less, figures suggest
Total savings rose by almost £5bn in September, official data shows, amid fall in mortgage approvals

Larry Elliott and Phillip Inman

31, Oct, 2022 @3:09 PM

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Lloyds bank predicts 8% fall in house prices as its profits tumble
Larger-than-expected drop in profits to £1.5bn in third quarter comes despite rising interest rates

Kalyeena Makortoff Banking correspondent

27, Oct, 2022 @7:23 AM

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How to manage and reduce your debt
From reorganising day-to-day bill-paying as costs soar, to defaulting on potentially serious debts

Sandra Haurant

17, Oct, 2022 @6:00 AM

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Bank of England warns mortgage defaults to rise in months ahead
Survey of lenders paints gloomy picture of new deals drying up and end to ‘golden era’ of cheap mortgages

Julia Kollewe

13, Oct, 2022 @3:54 PM

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UK’s 13-year housing market boom to end in 2023, surveyors predict
RICS report says rise in repossessions will add to supply while soaring interest rates price buyers out of market

Mark Sweney

12, Oct, 2022 @11:01 PM

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Kwarteng considers extending mortgage guarantee scheme
Initiative may continue beyond December as bank bosses raise concerns over mortgage market

Kalyeena Makortoff and Rupert Jones

06, Oct, 2022 @4:15 PM

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‘It’s just so easy, isn’t it?’ How buy now, pay later can leave Britons struggling with debt
We spend almost £1bn a month through retailers’ spread-the-cost payment schemes. But many borrowers find themselves missing payments, covering instalments with credit cards – and using the schemes to pay for food and other essentials. Is online credit spiralling out of control?

Emine Saner

03, Oct, 2022 @9:00 AM

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